C.R.P.No.3921 of 2025 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 25.08.2025 CORAM : THE HONOURABLE MR. MANINDRA MOHAN SHRIVASTAVA, CHIEF JUSTICE AND THE HONOURABLE MR.JUSTICE SUNDER MOHAN C.R.P.No.3921 of 2025 B.Masthan Rao, D.No.6, Royal Enclave, Besant Avenue, Adyar, Chennai - 600 020. Petitioner Vs 1.State Bank of India, Stressed Assets Management Branch, rep. by its Assistant General Manager, No.32, 2nd Floor, Red Cross Buildings, Red Cross Road, Egmore, Chennai -600 008. 2.Prathyusha Resources and Infra Pvt. Ltd., (formerly Prathyusha Associates Shipping Pvt. Ltd.,) Umaiyal Villa, 3rd Floor, Door No.Old 18, New No.8, 12th Cross Street, Indira Nagar, Adyar, Chennai -600 020. and Registered Office at Prathyusha House, No.25-40-12, Near Lakshmi Talkies, Gangulavari Street, Vishakapatnam - 530 001. ______________ https://www.mhc.tn.gov.in/judis C.R.P.No.3921 of 2025 3.Raja Rao Parachuri, Chairman and Managing Director, Guarantor, having Corporate Office at Umaiyal Villa, 3rd Floor, Door No.Old 18, New No.8, 12th Cross Street, Indira Nagar, Adyar, Chennai -600 020. And Registered Office at Prathyusha House, No.25-40-12, Near Lakshmi Talkies, Gangulavari Street, Vishakapatnam -530 001. And R/o.Villa-1, 4-211, Amarasamudra MGR Road, Palavakkam, Chennai -600 041. 4.Venkayya Prabhakar Rao Parachuri, Director/Guarantor having Corporate office at Umaiyal Villa, 3rd Floor, Door No.Old 18, New No.8, 12th Cross Street, Indira Nagar, Adyar, Chennai -600 020. and Registered Office at Prathyusha House, No.25-40-12, Near Lakshmi Talkies, Gangulavari Street, Vishakapatnam - 530 001. And R/o.Plot No.231, Sector -4, M.V.P.Colony, Near Temple, Visakhapatnam urban -530 017. 5.G.Srinivasa Rao, Promoter and Guarantor having Corporate offices at Umaiyal Villa, 3rd Floor, Door No.Old 18, New No.8, 12th Cross Street, Indira Nagar, Adyar, Chennai -600 020. ______________ https://www.mhc.tn.gov.in/judis C.R.P.No.3921 of 2025 and R/o.No.A3, Rajasri Apartments, Srinagar Colony, Hyderabad-530 001. 6.Venkayya Bhaskar Rao Parachuri, Promoter and Guarantor, having Corporate office at Umaiyal Villa, 3rd Floor, Door No.Old 18, New No.8, 12th Cross Street, Indira Nagar, Adyar, Chennai -600 020. and R/o. at Plot No.12, 40-54-8/12, Ballayya Sastry Layout, Seethammadhara, Vishakapatnam Urban-530 013. 7.P.V.Mohan Rao, Guarantor, RIO No.10/NA, Chenganthakulam, Periyapalayam, Uthukottai-601102, Tiruvallur District. 8.N.Madhavi, W/o.N.Sambasiva Rao, (Legal heir of one Sambasiva Rao) Guarantor, No.49-54-8/7, Triveni Towers, Ballaya Sastry Layout, Seethammadhara, Visakapatnam Urban-530 013. 9.N.Sai Gayathri, (Legal heir of one Sambasiva Rao), Guarantor, R/o.No.49-54-8/7, Triveni Towers, Ballayya Sastry Layout, Seethammadhara, Visakapatnam Urban-530 013. ______________ https://www.mhc.tn.gov.in/judis C.R.P.No.3921 of 2025 10.N.Amulya Krishna, (Legal heir of one Sambasiva Rao), Guarantor, R/o.No.49-54-8/7, Triveni Towers, Ballayya Sastry Layout, Seethammadhara, Visakapatnam-530 013. 11.Kondaiah Vijayaa, W/o.K.Balasubramaniyam, Guarantor, Plot No.MIG 26, Sector 5, MVP Colony, Visakapatnam Urban -530 017. 12.Prathyusha Global Trade Pvt. Ltd, Corporate Guarantor, having Corporate offices at Umaiyal Villa, 3rd Floor, Door No.Old No.18, New No.8, 12th Cross Street, Indira Nagar, Adyar, Chennai-600 020. and Registered Office at Prathyusha House, No.25-40-12, Near Lakshmi Talkies, Gangulavari Street, Vishakapatnam-530 001. 13.Prathyusha Estates Pvt. Ltd, Corporate Guarantor, having Corporate offices at Umaiyal Villa, 3rd Floor, Door No.Old No.18, New No.8, 12th Cross Street, Indira Nagar, Adyar, Chennai-600 020. and Registered Office at Umaiyal Villa, 3rd Floor, Door No.Old No.18, New No.8, 12th Cross Street, Indira Nagar, Adyar, Chennai -600 020. Respondents ______________ https://www.mhc.tn.gov.in/judis C.R.P.No.3921 of 2025 PRAYER : Petition filed under Article 227 of the Constitution of India to direct the Debts Recovery Tribunal-II, Chennai to hear and dispose of T.A.No.451 of 2023 in accordance with law within a time frame fixed by this Honourable Court. For Petitioner: Mr.Richardson Wilson ORDER (Order of the Court was made by the Hon'ble Chief Justice) Heard. 2. The petition filed by the respondent before the Debts Recovery Tribunal only seeks issuance of a direction for expeditious disposal of the Original Application filed by the bank, pending consideration since 2017. 3. Without expressing any opinion on the merits, we would expect the Tribunal to expeditiously dispose of the matter as early as possible, taking into consideration that, because of the pendency of the case, the petitioner's property, which, contrary to the ______________ https://www.mhc.tn.gov.in/judis C.R.P.No.3921 of 2025 petitioner's own contention, is being treated as a mortgaged property. Petition is disposed of accordingly. There shall be no order as to costs. (MANINDRA MOHAN SHRIVASTAVA, CJ) (SUNDER MOHAN,J) 25.08.2025 Index : Yes/No Neutral Citation : Yes/No sasi To: 1.The Assistant General Manager, State Bank of India, Stressed Assets Management Branch, No.32, 2nd Floor, Red Cross Buildings, Red Cross Road, Egmore, Chennai-600 008. ______________ https://www.mhc.tn.gov.in/judis C.R.P.No.3921 of 2025 THE HON'BLE CHIEF JUSTICE AND SUNDER MOHAN,J. (sasi) C.R.P.No.3921 of 2025 25.08.2025 ______________ https://www.mhc.tn.gov.in/judis